JIANGSU GET RECYCLING TECHNOLOGY CO,.LTD.

In a suburb of Melbourne, two entrepreneurs are developing a new technology that could affect a huge change in the packaging industry. Stuart Gordon and mark appleford are co founders of Varden, which has developed a process for extracting waste from sugar cane and converting it into paper-based wind grid packaging products with plastic characteristics.

Their technology success has attracted the attention of venture capital company Weigang investment, and obtained the investment of 2.2 million US dollars. Weigang investment is a venture capital company owned by Li Ka Shing, with an investment scale of 100 billion.

Now is the time to introduce new packaging technology, as the European Union has set a ban on disposable plastic products, which will come into effect in 2021. Companies such as Nestle and Wal Mart have taken the lead in promising to use only sustainable plastic products from 2025.

The damage of plastic packaging products to the earth's environment has become a concern of many people, and the urgency of seeking solutions is growing. "I like to focus on technologies that reduce carbon emissions," said Chris Liu, a representative of Victoria investment in Australia.

The fire in Australia in 2019 also attracted a lot of attention. Appleford of Walden said that it was not so much the fire as the garbage washing up on his beloved beach.

When it comes to why Walden was founded, appleford talks about a barbecue where he met Gordon, a startup partner, and when they talked about how to change the environment, they finally got a unified goal: start with the plastic problem.

So in 2015, they started the research of this packaging technology in a small laundry. Fortunately, they got a round of small seed round financing in 2015, which helped their company get started. Then the two founders worked with New Zealand manufacturers Fisher and Paykel for a while to develop the use of bagasse to make packaging bags.

Walden's technology does not use the drum design as ordinary paper mills do, but uses thermoforming of plant waste to support products with the same properties as plastic. It looks like paper, can be torn in half directly, and has better properties than ordinary plastics, appleford said. The first product they will use will be coffee capsules.

According to the company, it's a huge market, consuming more than 20 billion coffee capsules a year. With the funds invested by Victoria Harbour, Walden can start large-scale production to meet the initial needs of customers. In the future, they plan to expand their product line to medical packaging.

The two founders said they hope to bring a new generation of sustainable packaging materials revolution through their products.